Squatter Delays Development
Yes, another British home problem, only no newts involved here.
A billionaire is planning to transform a vacant London stately house into the world's most expensive home but cannot evict a squatter who has been living there for the past 21 years.
It seems that Harry Hallowes, 71, was awarded squatters' rights last year, which means he can continue living in his tent on the grounds.
Meanwhile, the tycoon will spend $160 million transforming the vacant Athlone House in Highgate, North London, into a stately home.
Once finished, the land and building will be worth an estimated $260 million. For comparison, superfreak Michael Jackson's Neverland Ranch,at its greatest value was only worth $12 million.
The luxury site will have a grand driveway, an underground swimming pool, tennis courts and cottages for staff.
Apparently the trespasser's "land" is worth $8 million.
Time for me to check my yard for squatters. If I find any, nothing that a match and a can of gas couldn't take care of.
Labels: Harry Hallowes, news, squatter
Posted By: Joe on Tuesday, April 15, 2008
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